Market Overview:
The global nuclear grade zirconium market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for nuclear grade zirconium in the nuclear industry and other applications. In terms of type, Hafnium-free Zirconium is expected to hold a major share of the global market during the forecast period. By application, Nuclear Industry is expected to hold a major share of the global market during the forecast period. Regionally, North America is projected to lead the global nuclear grade zirconium market in terms of revenue by 2030 owing to high demand from countries such as U.S.
Product Definition:
Nuclear Grade Zirconium is a material that is specifically designed for use in nuclear reactors. It has a very low reactivity with water and other materials, making it ideal for use in these applications.
Hafnium-free Zirconium:
Hafnium-free zirconium is a chemical compound of zirconium and hafnium. It has no significant commercial use as it contains more than 0.05% of hafnium by weight, which is considered to be the maximum permissible level according to IAEA Safety Series 300 (SS300) and NTP (National Technology Policy) issued by India.
Commercial-grade Zirconium:
Commercial-grade zirconium is a form of zirconium that has been processed to remove most of its minerals and other impurities. Commercial-grade usually contains around 99% ZrO2 along with some impurities such as calcium, sodium, aluminum and titanium. It also contains traces of other elements such as iron, magnesium, silicon and potassium.
Application Insights:
The other application segment includes the automotive, construction, energy and power generation industries. The nuclear grade zirconium market is expected to witness growth owing to its increasing use in fuel cladding of reactors across the globe. Fuel cladding is a major component of a reactor and it provides protection against high-speed debris that may result from an accident at the core stage of a reactor.
ZrO2¢â‚¬â€œbasedfuel has excellent properties such as high corrosion resistance and strength which makes it ideal for use in various components including pressure vessels, steam generators & turbines, radiation shielding & containment vessel doors among others. These factors are anticipated to drive demand over the forecast period thereby contributing towards overall industry growth during this period.
Regional Analysis:
Asia Pacific dominated the global nuclear grade zirconium market in terms of revenue with a share of over 70% in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing demand from nuclear reactors and other applications. China, India, and Australia are some of the major consumers for this product in Asia Pacific.
North America was one of the largest markets for this product owing to high consumption levels from nuclear reactors across countries such as Canada and U.S., which consume large amounts due to their extensive usage of electricity generation through fossil fuels such as coal & gasoil instead of clean energy sources resulting into greenhouse effect thus leading towards an increase in carbon emission which is anticipated to hinder growth over next eight years until 2030 when it is expected that North America will be back on track growing at a CAGR close behind Asia Pacific during the forecast period.
Growth Factors:
- Increasing demand for nuclear energy due to rising concerns over climate change and depleting fossil fuel resources is expected to drive the growth of the global nuclear grade zirconium market.
- Growing investments in nuclear power plants across the globe is also anticipated to boost the demand for nuclear grade zirconium in the coming years.
- Rising awareness about benefits of using zirconium alloy as a cladding material in nuclear reactors is projected to propel its demand over the forecast period.
- Technological advancements in manufacturing processes of zirconium alloys are likely to create new opportunities for market players operating in this space.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Grade Zirconium Market Research Report
By Type
Hafnium-free Zirconium, Commercial-grade Zirconium
By Application
Nuclear Industry, Other
By Companies
Orano, Westinghouse, ATI, Chepetsky Mechanical Plant, Nuclear Fuel Complex, SNWZH, CNNC Jinghuan, Guangdong Orient Zirconic, Aohan China Titanium Industry, Baoti Huashen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Grade Zirconium Market Report Segments:
The global Nuclear Grade Zirconium market is segmented on the basis of:
Types
Hafnium-free Zirconium, Commercial-grade Zirconium
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Nuclear Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Orano
- Westinghouse
- ATI
- Chepetsky Mechanical Plant
- Nuclear Fuel Complex
- SNWZH
- CNNC Jinghuan
- Guangdong Orient Zirconic
- Aohan China Titanium Industry
- Baoti Huashen
Highlights of The Nuclear Grade Zirconium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hafnium-free Zirconium
- Commercial-grade Zirconium
- By Application:
- Nuclear Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nuclear Grade Zirconium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nuclear grade zirconium is a type of zirconium that has been through the nuclear processing process. This means that it has been purified and has no contaminants. It is also higher quality than other types of zirconium.
Some of the major companies in the nuclear grade zirconium market are Orano, Westinghouse, ATI, Chepetsky Mechanical Plant, Nuclear Fuel Complex, SNWZH, CNNC Jinghuan, Guangdong Orient Zirconic, Aohan China Titanium Industry, Baoti Huashen.
The nuclear grade zirconium market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nuclear Grade Zirconium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nuclear Grade Zirconium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nuclear Grade Zirconium Market - Supply Chain
4.5. Global Nuclear Grade Zirconium Market Forecast
4.5.1. Nuclear Grade Zirconium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nuclear Grade Zirconium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nuclear Grade Zirconium Market Absolute $ Opportunity
5. Global Nuclear Grade Zirconium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nuclear Grade Zirconium Market Size and Volume Forecast by Type
5.3.1. Hafnium-free Zirconium
5.3.2. Commercial-grade Zirconium
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nuclear Grade Zirconium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nuclear Grade Zirconium Market Size and Volume Forecast by Application
6.3.1. Nuclear Industry
6.3.2. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nuclear Grade Zirconium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nuclear Grade Zirconium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nuclear Grade Zirconium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nuclear Grade Zirconium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nuclear Grade Zirconium Demand Share Forecast, 2019-2026
9. North America Nuclear Grade Zirconium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nuclear Grade Zirconium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nuclear Grade Zirconium Market Size and Volume Forecast by Application
9.4.1. Nuclear Industry
9.4.2. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nuclear Grade Zirconium Market Size and Volume Forecast by Type
9.7.1. Hafnium-free Zirconium
9.7.2. Commercial-grade Zirconium
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nuclear Grade Zirconium Demand Share Forecast, 2019-2026
10. Latin America Nuclear Grade Zirconium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nuclear Grade Zirconium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nuclear Grade Zirconium Market Size and Volume Forecast by Application
10.4.1. Nuclear Industry
10.4.2. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nuclear Grade Zirconium Market Size and Volume Forecast by Type
10.7.1. Hafnium-free Zirconium
10.7.2. Commercial-grade Zirconium
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nuclear Grade Zirconium Demand Share Forecast, 2019-2026
11. Europe Nuclear Grade Zirconium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nuclear Grade Zirconium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nuclear Grade Zirconium Market Size and Volume Forecast by Application
11.4.1. Nuclear Industry
11.4.2. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nuclear Grade Zirconium Market Size and Volume Forecast by Type
11.7.1. Hafnium-free Zirconium
11.7.2. Commercial-grade Zirconium
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. arket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nuclear Grade Zirconium Demand Share, 2019-2026
12. Asia Pacific Nuclear Grade Zirconium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nuclear Grade Zirconium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nuclear Grade Zirconium Market Size and Volume Forecast by Application
12.4.1. Nuclear Industry
12.4.2. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nuclear Grade Zirconium Market Size and Volume Forecast by Type
12.7.1. Hafnium-free Zirconium
12.7.2. Commercial-grade Zirconium
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nuclear Grade Zirconium Demand Share, 2019-2026
13. Middle East & Africa Nuclear Grade Zirconium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nuclear Grade Zirconium Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nuclear Grade Zirconium Market Size and Volume Forecast by Application
13.4.1. Nuclear Industry
13.4.2. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nuclear Grade Zirconium Market Size and Volume Forecast by Type
13.7.1. Hafnium-free Zirconium
13.7.2. Commercial-grade Zirconium
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nuclear Grade Zirconium Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nuclear Grade Zirconium Market: Market Share Analysis
14.2. Nuclear Grade Zirconium Distributors and Customers
14.3. Nuclear Grade Zirconium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Orano
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Westinghouse
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ATI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chepetsky Mechanical Plant
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nuclear Fuel Complex
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SNWZH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CNNC Jinghuan
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Guangdong Orient Zirconic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aohan China Titanium Industry
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Baoti Huashen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
